Most probable scenario in my book panned out today, as main momentum held above 2120 and price reached 50s in time.
BUT being extra careful as these are crucial years-important levels and, on shorter-term :
But that 2137 is now 2147.
most recent positions 2135 39 and 48 SLs now at BE. The 2157, for now, 2147 as SL.
new buy stop on volatility in trend, 21656.
Longer-term:
Buy stop triggered for an extremely rare long-term momentum trade. Looking at +3years highs IMPORTANCE TEST. Probabilities of it shooting up .24 are put into action. We now need 2190s broken by same daily move.
This move is great news for the bulk of my trades ! The main stop of all my longs at BE can be moved up to 2060s. When/if 2060 tested, then when volatility has ceased for the days, fixed SL at low of that day, as usual.
Back to intraday :
For now though, 2170s - 2190s is the really big one to break.
Trade safe, sharp, following 100% of rules, relaxed for concentration and happy my dear friends !
P.S this is me this week compared to last week
BUT being extra careful as these are crucial years-important levels and, on shorter-term :
Disliked... as long as we stay above 2120(dynamic level moving up), intraday bulls momentum is fine enough to take as many setups that turn upPlaced some buy stops that stay active as long as 2120s are not breached, 2139, 48, 57. But from 2150, not much of a rejection could be tolerated, and 39 would be at BE. A 2nd drop back below to 2137 from 2150 would greatly increase the chance of a ranging period or even reversal. All surviving positions from Friday at BE....... GOT back in at 2135 volatility scalp,...Ignored
most recent positions 2135 39 and 48 SLs now at BE. The 2157, for now, 2147 as SL.
new buy stop on volatility in trend, 21656.
Longer-term:
Disliked...Buy stop 2157, longterm momentum trade. Trailing stop start from 2045. TP trailing based on momentum. Destination unknown . {quote} {image} {image}Ignored
DislikedLong term. A momentum daily setup will be confirmed if: A close today above 2131, and a break of that high needs to occur Monday or Tuesday, at the latest. If that happens, potential of a new and a much strong push up would have a good enough chance of unfolding, and my main stops could be pushed up to 2060.....Ignored
This move is great news for the bulk of my trades ! The main stop of all my longs at BE can be moved up to 2060s. When/if 2060 tested, then when volatility has ceased for the days, fixed SL at low of that day, as usual.
Back to intraday :
For now though, 2170s - 2190s is the really big one to break.
DislikedIf it gets beyond 2172, I will not be accepting any setups except momentum trades with the tightest SLs. Because at 2170s, a battle of new monthly highs would be too probable. If we get there, ideally it would move enough for 2170s or higher to quickly become support, and only then would I start to accept all longs setups again. .....Ignored
Trade safe, sharp, following 100% of rules, relaxed for concentration and happy my dear friends !
P.S this is me this week compared to last week
Attached Image
If I don't mention SL and/or TP = longer-term setup possibly in the works!
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